BCL Industries has informed that the Board of Directors of the Company in their meeting held today i.e., Saturday, 04th March, 2023, considered and approved the following businesses: allotment of 54,66,334 Fully Convertible Warrants ('Warrants') to the persons belonging to promoters, promoter group and non-promoters' category, each carrying a right to subscribe to one equity share per Warrant, for cash, of Nominal Value of Rs 10 each, at an issue price of Rs 360 per Warrant, on preferential basis after receipt of subscription amount being 25% of the issue price from the allottees as stipulated under the provisions of SEBI (ICDR) Regulations, 2018.
The above information is a part of company’s filings submitted to BSE.
